K.J. Harrison & Partners Inc lowered its stake in shares of Xilinx Inc. (NASDAQ:XLNX) by 75.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,000 shares of the programmable devices maker’s stock after selling 15,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Xilinx were worth $231,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of XLNX. PGGM Investments boosted its stake in Xilinx by 4.8% in the second quarter. PGGM Investments now owns 638,871 shares of the programmable devices maker’s stock valued at $29,471,000 after buying an additional 29,517 shares during the period. First Merchants Corp boosted its stake in Xilinx by 16.8% in the second quarter. First Merchants Corp now owns 21,427 shares of the programmable devices maker’s stock valued at $988,000 after buying an additional 3,075 shares during the period. RS Investment Management Co. LLC acquired a new stake in Xilinx during the second quarter valued at $1,548,000. Bank of Montreal Can acquired a new stake in Xilinx during the second quarter valued at $3,430,000. Finally, Shell Asset Management Co. boosted its stake in Xilinx by 70.0% in the second quarter. Shell Asset Management Co. now owns 23,497 shares of the programmable devices maker’s stock valued at $1,084,000 after buying an additional 9,678 shares during the period. Institutional investors own 91.37% of the company’s stock.
Xilinx Inc. (NASDAQ:XLNX) traded down 1.02% during trading on Monday, reaching $52.58. The company had a trading volume of 1,410,251 shares. Xilinx Inc. has a 52 week low of $40.44 and a 52 week high of $54.82. The firm has a market capitalization of $13.33 billion, a P/E ratio of 24.93 and a beta of 1.33. The stock has a 50 day moving average price of $53.15 and a 200 day moving average price of $48.27.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.05. The business earned $574.90 million during the quarter, compared to the consensus estimate of $571.06 million. Xilinx had a net margin of 25.28% and a return on equity of 21.83%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 EPS. Analysts predict that Xilinx Inc. will post $2.22 earnings per share for the current year.
Several equities research analysts have weighed in on the company. BMO Capital Markets reiterated a “buy” rating and issued a $60.00 price objective on shares of Xilinx in a report on Thursday, July 28th. MKM Partners increased their price objective on Xilinx from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, July 28th. Citigroup Inc. increased their target price on Xilinx from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, July 28th. Zacks Investment Research lowered Xilinx from a “hold” rating to a “sell” rating in a research report on Friday, July 22nd. Finally, Robert W. Baird reissued a “buy” rating and issued a $52.00 target price on shares of Xilinx in a research report on Friday, June 17th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $50.09.
In related news, CEO Moshe Gavrielov sold 4,812 shares of Xilinx stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $54.73, for a total value of $263,360.76. Following the completion of the sale, the chief executive officer now owns 356,622 shares in the company, valued at approximately $19,517,922.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marshall C. Turner sold 16,000 shares of Xilinx stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $50.00, for a total transaction of $800,000.00. Following the completion of the sale, the director now owns 49,384 shares of the company’s stock, valued at approximately $2,469,200. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.
Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.
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